BlackRock CEO Laurence Fink's 2020 pay rises 13% to $27M
BlackRock reports 2020 executive compensation
By ExecPay News
Published: April 14, 2022
BlackRock reported fiscal year 2020 executive compensation information on April 14, 2022.
In 2020, six BlackRock executives received on average a compensation package of $14M, a 9% increase compared to previous year.
Average pay of disclosed executives at BlackRock
Laurence D. Fink, Chief Executive Officer, received $27M in total, which increased by 13% compared to 2019. 58% of Fink's compensation, or $16M, was in stock awards. Fink also received $9.5M in bonus, $1.5M in salary, as well as $357K in other compensation.
For fiscal year 2020, the median employee pay was $147,417 at BlackRock. Therefore, the ratio of Laurence D. Fink's pay to the median employee pay was 186 to one.
Robert S. Kapito, President, received a compensation package of $22M, which increased by 15% compared to previous year. 56% of the compensation package, or $12M, was in stock awards.
Robert L. Goldstein, Chief Operating Officer, earned $10M in 2020, a 28% increase compared to previous year.
Mark Wiedman, Senior Managing Director and Head of International and of Corporate Strategy, received $8.7M in 2020.
J. Richard Kushel, Senior Managing Director and Head of the Portfolio Management Group, earned $8.4M in 2020, a 27% increase compared to previous year.
Gary S. Shedlin, Chief Financial Officer, received $7.6M in 2020, which increases by 17% compared to 2019.
Related executives
J Kushel
BlackRock
Senior Managing Director and Head of the Portfolio Management Group
Laurence Fink
BlackRock
Chief Executive Officer
Robert Kapito
BlackRock
President
Robert Goldstein
BlackRock
Chief Operating Officer
Mark Wiedman
BlackRock
Senior Managing Director and Head of International and of Corporate Strategy
Gary Shedlin
BlackRock
Chief Financial Officer
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Source: SEC filing on April 14, 2022.